The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Class Action Filed Against Motorcar Parts & Accessories

30 August 1999

Whittington, von Sternberg, Emerson & Wilsher, L.L.P. Files Class Action Against Motorcar Parts & Accessories
    HOUSTON, Aug. 27 -- Notice is hereby given that a class
action lawsuit has been filed against Motorcar Parts & Accessories, Inc.
; ("Motorcar" or the "Company") and three of its senior
officers and directors in the United States District Court for the Southern
District of New York.  The lawsuit was filed by the law firm of Whittington,
von Sternberg, Emerson & Wilsher, L.L.P. on behalf of persons who purchased
Motorcar common stock in the open market during the period August 1, 1996
through July 30, 1999, inclusive (the "Class Period").
    The Complaint charges that defendants violated the U.S. securities laws by
issuing materially false and misleading statements and by emitting material
facts required to be disclosed so as to make the statements issued not
materially false and misleading.  Specifically, the Company misrepresented its
revenues and earnings throughout the Class Period in an effort to inflate the
value of its stock.  Motorcar's stock traded as high as $20-1/2 on
September 30, 1997 and April 22, 1998.  Following the Company's announcement
on May 24, 1999 that the Company's CEO, Mel Marks, had resigned and that it
anticipated a substantial loss for the fiscal year ending March 30, 1999,
Motorcar stock lost 36 percent of its value in one day.  When on
August 1, 1999 the Company announced that its financial results of fiscal
years 1997, 1998 and 1999 would have to be restated, Motorcar stock fell even
further, dropping to $5.156 per share on August 2, 1999, the Nasdaq halted
trading of Motorcar stock until the Company fully satisfied its request for
additional information.
    Any person or entity who purchased Motorcar securities during the period
August 1, 1996 through July 30, 1999 and who desires to be appointed lead
plaintiff in this action must file a motion seeking such appointment with the
Court no later than sixty (60) days after August 4, 1999.  Class members must
meet certain legal requirements to serve as a lead plaintiff.
    This lawsuit has been filed by lawyers with substantial experience in
representing investors in securities fraud class action lawsuits such as this.
    If you have questions or information regarding this action, or if you are
interested in serving as a lead plaintiff in this action, you may contact:

    John G. Emerson, Jr. or Craig von Sternberg
    Whittington, von Sternberg, Emerson & Wilsher, L.L.P.
    2600 S. Gessner, Suite 600
    Houston, TX 77063
    Telephone: 713-789-8850
    Fax: 713-789-0033
    e-mail: je-mlaw@worldnet.att.net